The Spice & Tea Exchange vs Schmidt Baking Distribution (dba Schmidt)
Franchise Comparison 2026
Both The Spice & Tea Exchange and Schmidt Baking Distribution (dba Schmidt) are food retail franchises. The Spice & Tea Exchange requires an investment of $299K – $532K while Schmidt Baking Distribution (dba Schmidt) requires $45K – $364K. The Spice & Tea Exchange discloses average revenue of $543K; Schmidt Baking Distribution (dba Schmidt) does not report Item 19 data. The Spice & Tea Exchange has SBA lending data on file with a 5.6% charge-off rate. FranchiseVerdict rates The Spice & Tea Exchange A (Top Quintile) and Schmidt Baking Distribution (dba Schmidt) C (Average).
| Metric | The Spice & Tea Exchange | Schmidt Baking Distribution (dba Schmidt) |
|---|---|---|
| Verdict Grade | ATop QuintileTop Quintile | CAverageAverage |
| Investment Range | $299K – $532K | $45K – $364K |
| Franchise Fee | $39K | $30K |
| Royalty Rate | greater of 7% of Gross Sales or $1,750 | N/A |
| Average Revenue (Item 19) | $543K | N/A |
| SBA Charge-Off Rate | 5.6% (41 loans) | N/A |
| Total Units | 94 | 460 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2008 | 2011 |
| FDD Year | 2025 | 2025 |
The Spice & Tea Exchange
ATop QuintileTop Quintile
Schmidt Baking Distribution (dba Schmidt)
CAverageAverage
Investment Range
$299K – $532K
$45K – $364K
Franchise Fee
$39K
$30K
Royalty Rate
greater of 7% of Gross Sales or $1,750
N/A
Average Revenue (Item 19)
$543K
N/A
SBA Charge-Off Rate
5.6% (41 loans)
N/A
Total Units
94
460
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2008
2011
FDD Year
2025
2025